COINBASE, INC.


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"Products" offered by COINBASE, INC. with at least one, but usually more complaints:

Bank account or service - Other bank product/service
Checking or savings account - Checking account
Checking or savings account - Other banking product or service
Checking or savings account - Savings account
Credit card - General-purpose credit card or charge card
Credit card or prepaid card - General-purpose credit card or charge card
Credit card or prepaid card - General-purpose prepaid card
Credit card or prepaid card - Gift card
Credit reporting or other personal consumer reports - Credit reporting
Credit reporting, credit repair services, or other personal consumer reports - Other personal consumer report
Debt collection - Credit card debt
Debt collection - I do not know
Debt collection - Other debt
Money transfer, virtual currency, or money service - Debt settlement
Money transfer, virtual currency, or money service - Domestic (US) money transfer
Money transfer, virtual currency, or money service - Foreign currency exchange
Money transfer, virtual currency, or money service - International money transfer
Money transfer, virtual currency, or money service - Mobile or digital wallet
Money transfer, virtual currency, or money service - Money order
Money transfer, virtual currency, or money service - Refund anticipation check
Money transfer, virtual currency, or money service - Traveler's check or cashier's check
Money transfer, virtual currency, or money service - Virtual currency
Other financial service - Foreign currency exchange
Payday loan, title loan, or personal loan - Installment loan
Payday loan, title loan, or personal loan - Pawn loan
Payday loan, title loan, or personal loan - Personal line of credit
Payday loan, title loan, personal loan, or advance loan - Pawn loan
Prepaid card - General-purpose prepaid card
Prepaid card - Mobile wallet
Virtual currency - Domestic (US) money transfer
Virtual currency - International money transfer

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Complaint ID: 5702838

Date Received: 2022-06-23

Issue: Fraud or scam

Subissue:

Consumer Complaint: Spanning from XX/XX/2022 until XX/XX/2022 There was fraudulent activity and money stolen from our personal checking account. Money was transferred from our XXXX XXXX checking account to a online digital wallet entitled coinbase, money was then hacked or transferred to the fraudulent account. Despite our best efforts, Coinbase will not help us recover lost funds or reverse the fraudulent activity.

Company Response:

State: UT

Zip: 84403

Submitted Via: Web

Date Sent: 2022-06-23

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5687788

Date Received: 2022-06-20

Issue: Fraud or scam

Subissue:

Consumer Complaint: My case : I have fell victim to a backdoor scam on the XXXX platform. I have been trading on a site similar to it and now I can not withdraw my funds. My funds are locked on the platform. I used my Coinbase account to transfer ETH to the platform which does work and syncs up with the exchange. I was able to transfer ETH from the back door platform site to my Coinbase and then my bank so it is real. However, now I am being told that I cant withdraw my funds until I pay my share. I have all hashes, screenshots, wire transfers with my bank to the Coinbase exchange, and wallet IDs on the platform. I also have contact details with a representative from the platform and the platform URL/domain. Please assist me in reversing this whole situation. Its a nightmare and I want justice or at the very least what I put in. Please contact me at my cell number XXXX to discuss further.

Company Response:

State: NY

Zip: 11230

Submitted Via: Web

Date Sent: 2022-06-20

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5685398

Date Received: 2022-06-18

Issue: Other transaction problem

Subissue:

Consumer Complaint: I currently have a Coinbase account in which an unauthorized transaction was made on XX/XX/2022 at XXXX. {$540.00} was taken out of my stored USD Coin which is attached to my Coinbase Visa card. It says it was spent by my Coinbase card but there is no history or merchant that processed this transaction. I submitted a ticket with Coinbase and still have no resolution. Ticket # XXXX. Spent XXXX minutes on the phone with Coinbase support on XX/XX/XXXX where they placed this ticket. They had no explanation or resolution.

Company Response:

State: FL

Zip: 32901

Submitted Via: Web

Date Sent: 2022-06-18

Company Response to Consumer: Closed with monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5685085

Date Received: 2022-06-18

Issue: Other transaction problem

Subissue:

Consumer Complaint: I have had my Coinbase account blocked for several months, so I can neither enter it nor buy or sell cryptocurrencies. I have opened several cases to Coinbase and they do not solve it for me. I enclose screenshots of everything sent and that I still have the account blocked. when I try to enter the account, it asks me for an sms sent to a number that is not mine, as I show in the attached file " XXXX XXXX

Company Response:

State:

Zip: XXXXX

Submitted Via: Web

Date Sent: 2022-06-18

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5676719

Date Received: 2022-06-16

Issue: Other transaction problem

Subissue:

Consumer Complaint: I collect my salary under the XXXX platform, 3 months ago I made a transfer to Coinbase to buy Crypto, make transactions and then withdraw my money to another account. On XX/XX/2022 the company informs me that my account has remained restricted and does not let me operate, it does not give me any warning or excuse as to why they made this decision. When I contact Coinbase support, they don't give me an answer, they just tell me that they don't support the country I'm in ( XXXX ), but until last month, I could operate normally. So, they have withheld my money, saying that I can only convert it within the platform, but not take it out. Attached 3 images : 1- My account disabled 2- The test that in XXXX, I was able to transfer normally 3- Coinbase support saying that in my country only conversion is available

Company Response:

State:

Zip: XXXXX

Submitted Via: Web

Date Sent: 2022-06-16

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5669304

Date Received: 2022-06-15

Issue: Problem with a purchase shown on your statement

Subissue: Credit card company isn't resolving a dispute about a purchase on your statement

Consumer Complaint: I opened a dispute regarding four transactions on my Coinbase XXXX XXXX. It has been 10 days since the first two fraudulent transactions and 5 days since the second two. All the transactions are for the same amount and charged two at a time by the same vendor. Per the Federal Reserve Act Regulation E they should have 10 days to investigate the issue and if they can not resolve the issue by then they need to provide me with a provisional credit if they need to further investigate. Instead, every time I am contacted by customer service it has been to request the same information. They have not provided any provisional credit to my account nor do they appear to have made the slightest bit of progress with their investigation considering that they keep asking for the same transaction information despite it being in the email thread the contact me from. I have even provided screenshots of the transaction records. Merchant name : XXXX XXXX Date/time of transaction : XX/XX/2022 XXXX XXXX and XX/XX/2022 XXXX, XX/XX/2022 XXXX, XX/XX/2022 XXXX Transaction amount : {$20.00}, {$20.00}, {$20.00}, {$20.00} Dispute amount ( must include original transaction amount ) : {$20.00}, {$20.00}, {$20.00}, {$20.00} Was your physical card compromised? No Is the card still in your possession? Yes Was this a recurring payment? No Have you purchased from this merchant in the past? No Have you tried to contact the merchant to resolve? No contact info What merchandise or service ( please provide a detailed description ) was ordered and when was it expected to be received? I have never heard of this merchant or ordered from them in my entire life

Company Response:

State: WA

Zip: 98125

Submitted Via: Web

Date Sent: 2022-06-15

Company Response to Consumer: Closed with monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5668636

Date Received: 2022-06-14

Issue: Fraud or scam

Subissue:

Consumer Complaint: I wish to complain about Coinbase Inc. I was a victim of scam fraud by bsxstar.com through Coinbase Inc for the amount of XXXX. When i new that i was scammed i immediately contacted Coinbase Inc and was told that there nothing could be done about my problem. I believe that this response in unfair especially for the amount of money that is involved. I suffered from XXXX from this situation until now because i have been waiting for their response but it has been months of settling from them but they refused and closed my case. I am so hopeless and I have decided to bring up my case in your institution hoping you could help me. I was ready to take my life because i have been refused to be helped by the Authorities and by Bank companies and especially the Coinbase company but i believe that there is still hope for me. I look forward to hearing from you. Thank you so much. Sincerely, XXXX XXXX

Company Response:

State: NY

Zip: 119XX

Submitted Via: Web

Date Sent: 2022-06-14

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5666207

Date Received: 2022-06-14

Issue: Fraud or scam

Subissue:

Consumer Complaint: I was approached on XXXX. A guy asked me if I had any experience in XXXX trading. He presented himself as a XXXX man working for as a project manager in XXXX. He instructed me to download XXXX which then directed me to a scam website called XXXX which ked me to a practice wallet account with XXXX XXXX XXXX ( which is the scam company ). He had tricked me into opening an account with them and to practice XXXX trading, after that I was manipulated into opening a real account with XXXX USD I had traded for a while, earned some money, but every time I wanted to withdraw my funds they asked for more to be placed in. I then realized it was a scam. It all started around XX/XX/XXXX. I lost XXXX USD The money was transferred from my Coinbase wallet to the scam wallet in XXXX then to the scammers -XXXX XXXX

Company Response:

State: GA

Zip: 31313

Submitted Via: Web

Date Sent: 2022-06-14

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5665995

Date Received: 2022-06-14

Issue: Money was not available when promised

Subissue:

Consumer Complaint: UPDATE TO XXXX PREVIOUS COMPLAINTS AGAINST COINBASE This is an update to XXXX previous complaints I filed against coinbase. See COMPLAINT ID XXXX THANKS for contacting them- all of a sudden they tried to fix the problem BUT just ended up STILL trying to make my access to my funds difficult by doing the following : 1 ) FIRST they said they could allow me to tranfer my coins to another database becaue I hadnt updated my address in their system This is crazy because I NEVER had problems tranfring before BUT I complied and updated my address. 2 ) They told me AFTER I updated my address-which I did- that my funds would be available on XX/XX/XXXX after XXXX pm XXXX. 3 ) FURTHER HINDRANCE Well when I went into their database to transfer my XXXX it kept telling me it FAILED for invalid wallet! Ironically- this is the SAME wallet I used to transfer XRP from coinbase OVER and OVER for the past several years and even on XX/XX/XXXX ( see screenshots attached ) XXXX ) On XX/XX/XXXX I sent Coinbase the following email : Dear Coinbase PLEASE : Verify the following as accurate : I attempted to send my last remaining XXXX from coinbase to a XXXX service I have sent to MANY times in the past! Its XXXX of the few ones that accept XXXX Your telephone customer service agent indicated that you will not allow me to send to the XXXX XXXX address below. This address is the same service I used to transfer XRP from coinbase over the years AND as recent as XX/XX/XXXX. Why all of a sudden I can not use this address? Her explanation made no sense. She said I nevr used this wallet address before- which is a lie- and EVEN SO- Are you saying that if I didnt use a specific address to send XXXX to in the past I can not use it now? Sounds like what she was saying but I want it in an email written explanation. COINBASE RETALIATION : In retaliation for filing complaints agains Coinbase with goverenment agencies, you first block me from my bank account. Then you tell me I need to update an address ( although I changed this address with you previously and sent ID after ID showing my XXXX address, with Coinbase successfully verifying these addresses ) before withdrawing my last {$100.00} of XXXX when I transfered over {$6000.00} worth of XXXX with no issues XXXX weeks ago to this same XXXX database. I complied with your request and updated my physical address in your databse. NOW you are making my attempts FAIL to transfer my wallet from coinbase to a service I have used over and over to transfer XXXX from coinbase over the last few years- the ONLY service I used to transfer XXXX from coinbase up to XXXX weeks ago! This is plain and simple -- retaliation. You guys refuse to stop the games and messing with my account so I'm gon na have to continue to keep the authorites informed of what is going on. Please send me a detailed email explanation as to why you are not allowing me to send my XXXX to wallet address XXXX. Thank you

Company Response:

State: NJ

Zip: 07002

Submitted Via: Web

Date Sent: 2022-06-14

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5665225

Date Received: 2022-06-13

Issue: Closing an account

Subissue: Can't close your account

Consumer Complaint: I received a Coinbase Debit card in the mail on XX/XX/2022 but I don't have a Coinbase account. The debit card was sent to my home address and is in my name. I am unable to speak/chat with anyone at Coinbase as I don't have the email address or password for the Coinbase account created in my name. They do not have a way to recover an account using the owner 's social security number. Coinbase website states it requires identity verification before issuing a debit card but there is no way for me to use that information to gain access to this account created in my name.

Company Response:

State: MI

Zip: 48180

Submitted Via: Web

Date Sent: 2022-06-13

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Select another page to read more about how -real people- receive -real harm- from these banks, credit bureaus, and others.